Egypt’s Environmental Affairs Agency Holds First Carbon Credit Committee Meeting

Egypt’s Environmental Affairs Agency has held the first meeting of a committee tasked with exploring ways to make greater use of carbon emission reduction certificates.

Engineer Sherif Abdel Rahim, the agency’s chief executive, chaired the meeting, which marked the start of the committee’s work on the issue.

The committee’s remit focuses on strengthening the benefits derived from these certificates, commonly known as carbon credits. Such instruments can provide a financial incentive for projects that reduce greenhouse gas emissions.

The brief announcement did not detail any decisions, proposed measures or timetable for the committee’s next steps.